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Profitable Grocery Store in a Growing Community
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* Profitable Grocery Store in a Growing Community in Central California
* Annual Sales of $9.5M +
* One year left on lease with three five-year options
* Well Run & in immaculate condition
* Groceries, Beer & Wine, Meat Market and Deli, Etc.
* Established in 1948
* Great Review
* Part of the Community
* Owner Operator or can be part of a larger plan
* Additional Services & Products can be added
Listed By: Verlen Love
Background information
Reference:
BAKERCA001-N1006
Year established:
1948
Reason selling:
Other business concerns
Finance
Sales:
$8,872,910
Profits:
$802,017
Profit type:
Discretionary Earnings
Operations
Employees:
39 Employees
Equipment:
See attached equipment list.
Inventory:
varies from $550,000 to $700,000
Premises
Square footage:
26,000 Aproximate
Rent and lease terms:
$21,000.00 per month through June 2027. Two more 5 year options available. Rent increases with the first option, at the 5 year mark $21,000.00 a month, Second rent increase with second option is $22,050.00 a month and the third option the rent increases to $23,153.00 per month.
Location:
Center of Town
Opportunities
Growth:
Room to put in a deli and apply for a Type 47 Liquor License.
Price and terms
Price:
$2,300,000
Down payment:
$350,000
Financing:
SBA Financeable.
Training:
Four weeks 20 hours per week.